Question

what is balance of payments​

Answer 1

Answer:

The balance of payments (BOP) is a statement of all transactions made between entities in one country and the rest of the world over a defined period of time, such as a quarter or a year.

Answer 2

The balance of payments, also known as balance of International payments and abbreviated B.O.P.or bop,of a country is the record of all economic transactions between the residents of the country and the rest of the world in a particular period of time.

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